Gender Pay Gap

[SLC OB]

What part of the country are you? My mom just moved in with me and we are getting rid of her 1932 Steinway Grand Piano...
You interested? Going...

[SLC OB]

I agree with just about everyone above... great advice.
Read this post: https://www.physicianonfire.com/inve...a-bear-market/
It will...

[SLC OB]

Wow... keeping your primary residence to 10% of your net worth is a lofty goal in California!
We bought 2013, bottom of market, with a bank owned...

[SLC OB]

I would also be interesting to see what people paid vs. what they are worth now... as we paid just over your high end of the bracket but net worth is...

[SLC OB]

Are you interested in Market Value or equity in the home? Would be nice to tie the value or equity to the region of the country....

[SLC OB]

I have to agree....
My ortho docs are making anywhere from $750K-$1M in an employed arrangement!
We do live in a high cost of living area...

[SLC OB]

Be careful... building in a HCOL area may be much higher than you would expect.
Example... I live in a HCOL area (wouldn't say VHCOL like silicone...

[SLC OB]

But wouldn't the value of homes go way down if no one had any money to access to buy them? or pay rent?...

[SLC OB]

When pregnant yes. When not pregnant, no.
You drink nothing until dinner? That seems crazy to me...
Love my coffee in morning (Half regular,...

[SLC OB]

3-5% for me. Slightly higher for my partners. If I open a day late... meaning those appointment wait LESS time to see me, I have more no shows. Those...

[SLC OB]

This was through my estate lawyer... he said, since we have it documented with electronic payments to her and we have check receipts for all the property...

[SLC OB]

Oh, this is ALL through my estate lawyer. Would not do it any other way....

[SLC OB]

Rental market here is crazy... this is a 2 bed 2 bath condo going for $3000-3500. Some SFH renting for $4-6K/month for basic homes. We own one other property...

[SLC OB]

It is in her will that it goes directly to us. My brothers (all the others in will) have known this forever....

[SLC OB]

I have a similar dilemma and would love the advice from White.Beard.Doc and
pit.alumni
Thanks CordMcNally my teens have enough sleeveless...

[SLC OB]

When I graduated from undergrad, I got an amazing Littmann Stethoscope (Cardiology model... still have it!) and for medical school I got diamond earrings...

[SLC OB]

Gotcha...
I tell all my teen patients to not let the teenage boy put his penis inside until he has figured out how to give her an orgasm first......

[SLC OB]

Interesting thought... maybe I should write a book.
My sister in law gets on her kids phone, reads all texts, etc. Her kids have completely rebelled....

[SLC OB]

So my son came home from a house his friend was house sitting at. Two girls and him, playing games (my kid is honest, tells me when he drinks, having...

[SLC OB]

The screening vs. diagnostic mammo is interesting... I often wonder who the he!! is negotiating for our wRVUs and have they actually practiced medicine...

[SLC OB]

This is horrible. I am so sorry!...

[SLC OB]

I was away for the weekend and just got back to read all the comments. Very interesting and I appreciate all the different perspectives.

...

[SLC OB]

Thoughts on this article? I am assuming they are controlling for part-time/full-time status and years of experience. Is it hustle factor or employed base...

[SLC OB]

I have a freshman at UC Davis. I know my son says that lots of classmates are on "full rides" and come to find out that they have "full...

[SLC OB]

So my CEO said the other day, trying to argue that the booster is likely unnecessary...
"When have we ever had a viral vaccine that has needed...

[SLC OB]

Sounds like you all need to use only cash for a few months. When there is no cash left, there is none left to buy with. It may help to turn this around....

[SLC OB]

Yep, what does he do to the medical record, was he making stuff up? Was he doing unnecessary procedures? Was he claiming to have done more procedures...

[SLC OB]

I agree with CordMcNally that you don't include mortgage payments, unless you paid $32K above your normal payments... then you could count it.
...

[SLC OB]

We are in a surge, big time. We have tested more in this last week than 5x our typical average!
We have 5% of our total staff out positive with...

[SLC OB]

We went to the Galapagos in August. It was amazing. We did a land based trip (not the expensive Yachts) where we got to know the locals, do beach, snorkeling,...

[SLC OB]

I specifically pulled out real estate... In May 2021, the net worth on our home (per Zillow and comps selling in our area) was 4.5x what we paid for it......

[SLC OB]

For those of you doing Roth Conversions, do you wish that you used a Roth 401K (if that were an option)?
I know the math works out the same, if...

[SLC OB]

I didn't get it done until about 8.5 hours into 2022... kinda slacking for a WCI follower.

[SLC OB]

This thread makes me feel poor.... not that I am but I have a lot tied up in real estate (live in HCOLA) and retirement accounts, very little in taxable....

[SLC OB]

No, my concern was if I contributed to the 401a post-tax and did not roll it into my Roth before the government takes that option away from me (see my...

[SLC OB]

Interesting... thanks for sharing....

[SLC OB]

My *understanding* (which is fairly limited since I have always flipped this $$ to Roth) is that the 401a post-tax gains is taxed at regular income tax...

[SLC OB]

Tell me more... did you have a huge loss? How did you make this work?...

[SLC OB]

I used the opensocialsecurity.com to calculate when we should take our benefits. Weird though... as I entered the same PIA for my husband and I (assumption,...

[SLC OB]

So... my company only allows me to put up to 10% of my earnings into 401a, which I then flip to Roth (MegaBackDoor Roth). However, I can only flip once...

[SLC OB]

jfoxcpacfp
I'm so sorry for your community. Sending lots of strength and positive energy to you and your community....

[SLC OB]

Interesting... I was thinking you practiced in Southern California....

[SLC OB]

I speak Spanish... the bummer is that my scribe does not. So if I do a visit in Spanish, I have to type it all. Oh well.
I agree, only $$ you will...

[SLC OB]

I never did Roth's on this $$. The point was that people will pay a 12 year old a good wage. He turned 14 and could get a work permit this past May (Is...

[SLC OB]

I agree...

I also did not know about Spurling's Best Places... So had to look up my town...
This is what was said:

Compared...

[SLC OB]

My 12 year old did a ton of yard work for the neighbors and they paid him $15/hour and an additional tip of $5/hour since he was always on time, hard...

[SLC OB]

Where do you fall in the range from that WCI article. Maybe use that to be in the middle? If you are salary, maybe stop "crushing it".... see...

[SLC OB]

Thank you!...

[SLC OB]

It is an expectation of patients and our Health System. One of the disadvantages of highly educated patient population. When I get the 5 paragraphs, I...

[SLC OB]

How do you get paid? wRVUs? If so, you need to find out what the average $$/wRVU and how many wRVUs you generate.
How many days a week are you...

[SLC OB]

We are hiring "indirect care" nurses that will manage the inbox via protocols (refills, etc.) to help our physicians. However, having a hard...

[SLC OB]

Does your renters insurance take care of a "slip n fall" (or other accident) at your place? If not, you need umbrella insurance. Do you have...

[SLC OB]

Slightly off topic... but I listened to Jim's podcast on this subject. I know it was recorded a few weeks ago and wondering if you all have figured this...

[SLC OB]

[SLC OB]

I used to drive a Zamboni and still have it on the CV!...

[SLC OB]

Hey.... we have a few positions open.
Things to consider:
1. Employed arrangement, awesome benefits (insurance, 401a with megaback door roth...

[SLC OB]

Ugh... I did not know about this either. I have a CPA do my taxes so I am hoping he did it! I will go look. Does this just have to be done once? I did...

[SLC OB]

So my Dad was pretty business savvy (although my parents got a divorce when I was 2, so wasn't really exposed to it much)....
He went from being...

[SLC OB]

Wow, thank you. So I am assuming from your personal examples that you file this 706 only once. If you miss the window, can you go back and file? (Thinking...

[SLC OB]

If you want to teach.... why do it in high school? Why not teach at the Medical School level? Or teach students at the free clinic? Or volunteer at the...

[SLC OB]

Please don't tell me she is wearing those in the OR! As a female surgeon.... (although someone who do not wear high heels unless the occasion makes me),...

[SLC OB]

FIREshrink Questions about this (not that we are even close to this number).... is this if the married couple dies together? (Accident, etc.) If you are...

[SLC OB]

Been busy on call since I posted but wanted to thank all of you for the advice! Super valuable information, thanks!...

[SLC OB]

I bought a Toyota Sequoia from rental car place, was 1.5 years old and about $20K less than new price. had about 30K miles. Love it. Also have three kids,...

[SLC OB]

So.... finally done with the college applications and acceptances, looking at schools and now planning with my youngster where he will go.
Now,...

[SLC OB]

It's not a HO policy... it is a home warranty, they are different. The deductible was $40 per issue. Super cheap. For instance, got top of the line Bosch...

[SLC OB]

When we bought our last home... we got an inspection. Nothing big came up. However, we used our home insurance over and over and over.
Got three...

[SLC OB]

• What year did you discover WCI? I think it was mid to end of 2017. I listened to Hippocratic Hustle and heard about WCI from Bonnie Koo MD.
• What

...

[SLC OB]

If you do something, don't do it quarterly. They will come to expect it and if you decide not to do it, they will be mad.
I think the gesture is...

[SLC OB]

We helped with down payment and kicked in to help with mortgage payment monthly, but home in Mom's name.
This has a few advantages and disadvantages:...

[SLC OB]

I love to read "The Sunday Best"
My 83 year old mom was with me this morning (staying with us for a bit) and she said, "Do you have...

[SLC OB]

I'm wondering if you will qualify until 12/31/22... if you are currently full time doc, then how do they calculate your 30 hours? If they count call coverage,...

[SLC OB]

I've had a treadmill since I was pregnant (Kids now 16, 16 and 13). We had a child safety gate around ours at all times but I was running one time and...

[SLC OB]

We locked in Mid-January for $499K at 2.375%...

[SLC OB]

https://www.sciencedirect.com/scienc...90825816316249...

[SLC OB]

What is this tax credit program for rural hospitals that you speak of? What state?...

[SLC OB]

There was a study looking at wRVU reimbursement for Urology vs. Ob/Gyn procedures. 80+% of the fairly equal male urology procedures earned higher wRVU...

[SLC OB]

Yes, but I am feeling lucky that I now (just in the last 2 years) have the options of the Mega Backdoor Roth as having no capital gains tax is better...

[SLC OB]

The biggest issue is:
Will they like you? Will you like them?
If either of these is a "no" you have just lost a huge chuck of change....

[SLC OB]

I was surprised at how much the rental income offset his expenses... however he never mentioned the rental expenses (water heaters, damage to property,...

[SLC OB]

I work 3 days a week in office, Thursday is always Admin, my day off is variable, depending on the call schedule. My partners (who do have the admin time)...

[SLC OB]

Our area is booming... ridiculous prices but I am not certain Zillow is correct either. My guess is that my house is up 230% since we bought in 6/2013....

[SLC OB]

I agree with above, sell it. We have one that appreciated a lot but unfortunately, we have not lived there in last 5 years.... it is bringing in more...

[SLC OB]

billy Can you remind me re: rules for governmental 457? I know I can roll it to my i401K but can you just pull it out? Obviously, taxes would be bad if...

[SLC OB]

I "mommy match" their wages and put into Roth. They don't tend to spend a ton (especially during the pandemic)... just turned 16 so using for...

[SLC OB]

After reading Item #12 on WCI blog this morning in my email inbox... I am pretty sure we should be doing this for our kids, right? I guess the stuff that...

[SLC OB]

I would think with a pension... you would want more Roth. But I guess it depends on your tax bracket now vs. in retirement. Also will you stay in the...

[SLC OB]

So you are assuming most physician make $500K/year? That is a pretty good salary, even for docs.

If people have W2 and 1099 income, they...

[SLC OB]

Where are you looking? We need call coverage... do you have a specialization?
S...

[SLC OB]

Live with snow and ice... TONS of Subies (Subarus) around here. Our 4th of july parade even brings out the tour of the old subies that still run, it's...

[SLC OB]

Can you take general surgery call too? If so, I know our hospital would entertain a vascular surgeon that could help with call coverage.... but that means...

[SLC OB]

Kamban We've had a few... this one:
https://www.amazon.com/SportDOG-Bran.../dp/B00BIUAYA2
And a different one (maybe a $40 one from Amazon)....

[SLC OB]

You having a life changing event this year? Like another baby? If so, you should be able to enroll at that time for the FSA....

[SLC OB]

I think you should be able to have kids whenever you want them.... however, I waited to get pregnant mid way through my chief year of residency, joined...

[SLC OB]

We just got told that we are sticking with 2020 due to the uncertainty... but I believe you nailed it on the head!...

[SLC OB]

For the fun of it, of course!...

[SLC OB]

Nice work getting it in so soon (it's the thought that counts!)!

[SLC OB]

When you have no number in front of the 0, does 000 make it better? ...

[SLC OB]

StarTrekDoc
Ok, so I read my son what I wrote and he was mortified. He's making me reply that he wrote an awesome, funny, not creepy "letter...

[SLC OB]

At the end of the year, I am calculating my 20% into retirement. Did I make it or not?
Just thinking... do you all count what your employer contributes...